Finley Company prepared a 2017 budget for 240,000 units of product. Actual produ

Question

Finley Company prepared a 2017 budget for 240,000 units of product. Actual production in 2017 was 260,000 units. To be most useful, what amounts should a performance report for this company compare?

A : It doesn't matter. All of these choices are equally useful.

B : The actual results for 260,000 units with the original budget for 240,000 units.

C : The actual results for 260,000 units with a new budget for 260,000 units.

D : The actual results for 260,000 units with last year's actual results for 268,000 units.

Explanation / Answer

C.The actual budget of 26000 with the new budget of 26000. This would allow comparison of the expenses at uniform level and identify the variances

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